66
66
Nov 28, 2012
11/12
by
CNBC
tv
eye 66
favorite 0
quote 0
if we go over the fiscal cliff at the end of the year, that tax rate on dividend goes from 15% to just over 43%. i think it is safe to say that there is bipartisan support among investors and shareholders for those special dividends now and not seeing that dividend tax rate skyrocket after the end of the year. >> it does seem to make sense. hampton pearson, thank you very much. >>> now, let's get back to our recovery road trip to atlanta where we find you once again, brian. >> thanks, mandy. in fact, the ceo of the company we're going to speak with right now just raised their dividend a couple of weeks ago by 50%. that is null rewell rubbermaid, of the five best performing in the atlanta intext. michael polk, thanks for coming on cnbc. you guys raids tsed the divident heading towards the end of the year, any thoughts of a one-time special big dividend? >> i don't think we'll go down that paths. of course that's the board's -- at their discretion. i doubt they'd choose to do that. we increased the dividend 50%. it is the second dividend increase we've taken this year. >> when you took o
if we go over the fiscal cliff at the end of the year, that tax rate on dividend goes from 15% to just over 43%. i think it is safe to say that there is bipartisan support among investors and shareholders for those special dividends now and not seeing that dividend tax rate skyrocket after the end of the year. >> it does seem to make sense. hampton pearson, thank you very much. >>> now, let's get back to our recovery road trip to atlanta where we find you once again, brian....
130
130
Nov 28, 2012
11/12
by
FOXNEWSW
tv
eye 130
favorite 0
quote 0
he seems to be splitting the talks in two saying to deal with the tax shes, the so-called fiscal cliff now in the short-term but wait for spending cuts later next year. take a listen. >> it would give us more time than next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way. including asking the wealthiest americans to pay a little more. >>reporter: the president said he would be willing to have a framework in the short-term for spending cuts neck year but republicans likes speaker boehner are saying if you split all this up and only do the tax side and wait on the spend cuts until next year republicans are skeptical the spending cuts will ever actually materialize. this is all very critical because earlier today, erskine bowles, a budget expert who has become an influential figure, said he thinks that there is a two out of three chance that we are going to fall off the fiscal cliff it is a high probability. >>neil: gephardt think it is a possibility to kick the can down for three, six months, and let all o
he seems to be splitting the talks in two saying to deal with the tax shes, the so-called fiscal cliff now in the short-term but wait for spending cuts later next year. take a listen. >> it would give us more time than next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way. including asking the wealthiest americans to pay a little more. >>reporter: the president said he would be willing to have a...
84
84
Nov 28, 2012
11/12
by
CNNW
tv
eye 84
favorite 0
quote 0
republicans are keeping their no-tax promise but is the fiscal cliff a game changer? welcome to you both. let me start with you, carol. here's what i don't get when i talk to the republicans, particularly the grover norquist gang. when you have an intransigent utterly implacable position like a pledge, there will be no tax increase come what may, it just seems to me looking on the outside as a brit, educate me about this, a ridiculous thing to do when you have no idea what may happen next. >> i don't disagree with that. i don't know that i would have ever signed that pledge but they have that pledge in place. i think that that's not the crux of the issue, though, piers. the crux of the issue is in terms of raising taxes, will that fix the problems of the united states, and it absolutely will not. the fact of the matter is we have a crazy amount of debt and we have an economy that's not growing. so does raising taxes fix the spending problem, no. and will it get the economy going, no. so regardless of pledge or no pledge, i don't have a horse in this race, i'm part of
republicans are keeping their no-tax promise but is the fiscal cliff a game changer? welcome to you both. let me start with you, carol. here's what i don't get when i talk to the republicans, particularly the grover norquist gang. when you have an intransigent utterly implacable position like a pledge, there will be no tax increase come what may, it just seems to me looking on the outside as a brit, educate me about this, a ridiculous thing to do when you have no idea what may happen next....
130
130
Nov 28, 2012
11/12
by
CNBC
tv
eye 130
favorite 0
quote 0
it is very important that we avert fiscal cliff and do it by not only getting pro-growth tax reform but entitlement reform and better spending control and get the kind of deal in the $4 trillion range that's going to provide certainty and get our economy going. because ultimately we need to get people back to work and it is that growing economy that's going to create the revenue that gets us out of the deficit. >> a $4 trillion deal would be your goal. i want to focus on maybe something that hasn't been talked about as much, and that's entitlement reform. and the big one here would be medicaid and especially medicare. if you had to tell your democrat colleagues, here is the one reform that i think you should make to medicare, to reduce the growth and expenditure there, what would it be? would it be increasing the eligibility age? would it mean that the wealthy have to pay more? what would it be? >> there are any number of those things. you say to people at or near retirement, we're not going to change it for you. but for younger people, they want a change. they'll support it because we'
it is very important that we avert fiscal cliff and do it by not only getting pro-growth tax reform but entitlement reform and better spending control and get the kind of deal in the $4 trillion range that's going to provide certainty and get our economy going. because ultimately we need to get people back to work and it is that growing economy that's going to create the revenue that gets us out of the deficit. >> a $4 trillion deal would be your goal. i want to focus on maybe something...
248
248
Nov 28, 2012
11/12
by
CNNW
tv
eye 248
favorite 0
quote 1
. >>> 34 days left before automatic tax hikes and spending cuts are triggered by the fiscal cliff. democrats and republicans appear stuck on entitlement reforms. democrats don't want deep cuts to programs like medicaid, medicare, social security. some republicans say it's the only way to get a deal. >> the reason we're having these negotiations is because washington democrats have spent money without any care for the cost or the future. and refuse to do anything to protect long-term spending programs like medicare, a failure that's among the biggest single drivers of our debt. >> one out of three people in this country are going to rely on medicare and head cade for their health insurance. so we need to find ways to preserve these programs. >> senator durbin says the debate over entitlement programs should be fought after the new year. he's going to join us in a few minutes to talk about it. >>> police on new york's long island investigating a deadly bus crash, a 6-year-old boy was killed last night when the driver of that bus lost control and went barreling into the front bedroom
. >>> 34 days left before automatic tax hikes and spending cuts are triggered by the fiscal cliff. democrats and republicans appear stuck on entitlement reforms. democrats don't want deep cuts to programs like medicaid, medicare, social security. some republicans say it's the only way to get a deal. >> the reason we're having these negotiations is because washington democrats have spent money without any care for the cost or the future. and refuse to do anything to protect...
151
151
Nov 28, 2012
11/12
by
CNNW
tv
eye 151
favorite 0
quote 0
. >>> outfront next, with the fiscal cliff just 35 days away, congressional loerds say president obama isn't doing enough to make a deal. senator mark warner, the third wealthiest man of the senate, outfront on tax rates and whether the president needs to take a bigger role. >>> plus, the u.n. ambassador to the u.s. susan rice, admits the talking points she used after the benghazi attack were wrong. republicans call her answers troubling. >>> and a former mayor spent her life taking on thugs in her town. her fight and her life tonight are now over. let's go out front. >>> good evening, everyone. i'm erin burnett "outfront" tonight, where in the world is president obama? it's been 11 days since he met with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all qui
. >>> outfront next, with the fiscal cliff just 35 days away, congressional loerds say president obama isn't doing enough to make a deal. senator mark warner, the third wealthiest man of the senate, outfront on tax rates and whether the president needs to take a bigger role. >>> plus, the u.n. ambassador to the u.s. susan rice, admits the talking points she used after the benghazi attack were wrong. republicans call her answers troubling. >>> and a former mayor spent...
224
224
Nov 28, 2012
11/12
by
CNBC
tv
eye 224
favorite 0
quote 0
one is obama care taxes kick in january 1st. there are three aspects to that fiscal cliff. the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit in january based on the obama care taxes. why talk about a double tax rate increase? second thing to remember in 2007 we spent a trillion dollars less than we spent this year. the revenue is almost identical. 2007 to this year. the issue is not can we raise more taxes. the issue is we increased spending a trillion dollars and our simple push is to say why don't we look at spending? that's the major issue. we can't keep raising taxes and saying we'll just keep raising taxes as long as we raise spending. we're overspending. everyone is looking at congressional republicans saying what are
one is obama care taxes kick in january 1st. there are three aspects to that fiscal cliff. the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit...
181
181
Nov 28, 2012
11/12
by
CNNW
tv
eye 181
favorite 0
quote 0
anti-tax crusader grover norquist wants to use the ceiling as leverage for republicans in fiscal cliff negotiations, writinging, quote, the debt ceiling provides plenty of leverage for the gop to trade for spending cuts as done in 2011 or continuing the lower rates. republicans may have lost some of that leverage in this year's election, but if history is any guide, this will come down to the last minute. cliff meets ceiling. brooke? >> christine romans, thank you. >>> actor ben affleck among others begging the united states to do something as more and more are dying in the congo. and today, a huge development in this escalating crisis. but will the world listen? ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. of green giant vegetables it's easy to eat like a giant... ♪ and feel
anti-tax crusader grover norquist wants to use the ceiling as leverage for republicans in fiscal cliff negotiations, writinging, quote, the debt ceiling provides plenty of leverage for the gop to trade for spending cuts as done in 2011 or continuing the lower rates. republicans may have lost some of that leverage in this year's election, but if history is any guide, this will come down to the last minute. cliff meets ceiling. brooke? >> christine romans, thank you. >>> actor ben...